ISA allowance

Hi Quick hypothetical question Let's say I have paid in my full 20k contributions for this tax year 10k into an easy access cash ISA 10k into a stocks and shares ISA Is it allowed for me to withdraw say 1k from the easy access cash ISA and put it into the stocks and shares ISA eg they become 9k and 11k respectively, but still respecting the 20k limit? Many thanks for your help Martin

Hi,

Please refer to:

Individual Savings Accounts (ISAs)

Thank you.

I have a similar question. Does transferring from one (Cash) ISA provider to another (Stock and Shares) ISA provider have a net zero impact on your allowance? Logically I don't see why it wouldn't, but it is difficult to find a direct answer for this online. I have deposited 10k in a Cash ISA account, which I would like to move to a Stock and Shares ISA. If the impact on the annual ISA allowance is nil, then it should be fine, but otherwise I would be above my annual 20k allowance.

Hi,
This would be seen as a further deposit and count towrds the £20,000 limit.
It is only withdrawals from flexible ISA that are then paid into the same account again that do not count as new money.
Thank you